WHAT CAN I GET?

CONDITIONS

Up to 100% of the purchase price

Acquire your new home while you sell the previous one with the Hipoteca Cambia de casa and get financing for up to 100% of the purchase price.

To acquire your new home.

  • Purchase of a residential home: The maximum amount of the loan may reach 100% of the purchase-sale price of the new residential home, not including expenses or taxes. The maximum term for the operation will be 30 years (the term of the mortgage plus the age of the holder upon signing may not exceed 80 years).
  • The customer will be able to enjoy a grace period on repaying the capital of up to 12 months, during which he can sell his current home.
  • This mortgage can be requested at both a fixed and variable rate.
  • Compensation for withdrawal:
  • Variable Rate: one of the following conditions will be agreed:

0.25% of the capital repaid in advance when the partial or total repayment occurs during the first three years of the life of the loan,

0.15% when the partial or total repayment occurs during the first five years of the life of the loan.

In no case may the compensation exceed the amount of the financial loss1 that the Bank could suffer.

  • Fixed Rate: one of the following conditions will be agreed:

2% of the principal repaid in advance when the partial or total repayment occurs during the first ten years of the life of the loan, or,

1.5% when the partial or total repayment occurs during the remainder of the life of the loan.

In no case may the compensation exceed the amount of the financial loss2 that the Bank could suffer.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

What requirements must I meet?

To qualify for the discounted interest rate as of the second year you can choose between the following products or services to obtain maximum bonus of 1%:

  • Having your salary, unemployment benefit, pension or CAP subsidy paid into your account or setting up a direct debit for your Social Security Self-employed payment:
  • A bonus of 0.15% will be applied if the salary or unemployment benefit of any of the Borrowers is at least € 600/month, or the Pension is at least € 300/month, or the Social Security Self-employed payment is at least € 175/month or the CAP Subsidy is for a minimum amount of € 3,000/year.
  • A bonus of 0.25% will be applied if the salary or unemployment benefit of any of the Borrowers is at least € 1,200/month, or the Pension is at least € 600/month, or the Social Security Self-employed payment is at least € 250/month.
  • A bonus of 0.40% will be applied if the salary is at least € 2,400/month.

The maximum discount for this item will be 0.50% of the current nominal interest rate, regardless of the products or services that the borrower, or the borrowers, if there are several, may have arranged.

  • You must have a direct debit set up for, and have paid, at least 3 different bills through an account at the Bank of which the borrower is the holder for the 3 months prior to the loan review. The bills must not be returned and they must be for amounts over 0 euros. Discount: 0.10%.
  • Use your Santander debit or credit card 6 times in the 3 months prior to the interest rate review. Discount: 0.15%.
  • Have arranged and maintained an insurance policy marketed by Santander Generales Seguros y Reaseguros, S.A. or Santander Vida Seguros y Reaseguros, S.A. or Santander Seguros y Reaseguros, Compañía Aseguradora, S.A.1 under the following conditions:
  • Life or Health Insurance: 0.15% discount for each policy taken out if the annual premium is greater than € 300.
  • Home or Accident or Temporary Work Disability Insurance: 0.10% discount for each policy contracted if the annual premium is greater than € 199.
  • Other Insurance: 0.01% discount if the annual premium is greater than € 50.
  • Insured Pension Scheme (PPA) with a balance greater than € 50,000 in the last 12 months: 0.05% discount.
  • Have taken out Investment/Savings products:
  • Pension Plans / EPSV of the Entidad Gestora Santander Pensiones, S.A EGGP; marketed and promoted by the Bank: discount of 0.05% if the balance greater than € 5,000 and less than € 30,000, or a discount of 0.10% if the balance is equal to or greater than € 30,000.
  • Investment Funds or Portfolios managed of the Management Entity Santander Asset Management, S.A., S.G.I.I.C. marketed by the Bank2: 0.05% discount if the net asset value of the Fund or the Managed Portfolio is greater than € 5,000 and less than € 30,000, or a 0.10% discount if the net asset value of the Fund or the Managed Portfolio, or of each of the Investment Funds or managed portfolios if several have been taken out, is equal to or greater than € 30,000.
  • Provide the Bank with a Energy Efficiency Certificate of the property or any of the properties subject to mortgage, with a category A or A+ or in accordance with the appropriate certificates issued by recognised companies in the sector: discount: 0.10% on the current nominal interest rate.

Conditions for obtaining the discount:


CATEGORY
DETAIL
DETAIL AMOUNT / MINIMUM ANNUAL PREMIUM
DISCOUNT
Income (maximum 50 bps)
Salary or income per holder
Over € 600€
15pb
Income (maximum 50 bps)
Salary or income per holder
Over € 1,200€
25pb
Income (maximum 50 bps)
Salary or income per holder
Over € 2,400€
40pb
Bills (maximum 10 bps) Direct debit and paid 3 different references 10pb
Cards (maximum 15 bps) Credit or debit 6 uses 15pb
Insurance (discount for each insurance and no maximum) Life/Health
Home / Accidents / Disability
Others
€ 300
€ 199
€ 50
15pb
10pb
1pb
Pens. Plan Or Funds (Discount for each product and no maximum)
Balance
Balance
From  € 5,000 a €  30,000
€  30,000
5pb
10pb
PPA (Discount for each product and no maximum)
Balance          
€ 50,000
5pb
Sustainable Housing (Max 10bps)
Energy Effic. Certificate
A, A+ or sustainable housinga
10pb

Maximum discount: 100 bp
The first review of the commitments will be in month 12, with application on the rate from month 13

a. For the purposes of sustainable housing certification, the following certificates will be recognised: Leeds, Breems, Verde, and Passive House.

Shall we discuss it?

If you would like more information, visit any of our branch offices.

Hipoteca Cambio de Casa

Icon / check Created with Sketch. Get financing for up to 100% of the purchase price.

Icon / check Created with Sketch. Up to 1% discount on the interest rate.

Icon / check Created with Sketch. Maximum term of the operation: 30 years

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